IPO

Craftsman Automation Limited IPO

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Industrial Equipments

Listed On: Mar 25, 2021 at ₹ 1359.0 (NSE)

₹ 14900 /10 Shares

Check Allotment

15 Mar, 2021

Open Date

17 Mar, 2021

Close Date

22 Mar, 2021

Allotment Date

25 Mar, 2021

Listing Date
Price Summary

Last Closing

7,000.00 (369.8%)

52 Week High

7,378.50

52 Week Low

3,700.00

Last Update

17-Dec-2025 3:30 PM
IPO Issue Details
  • Issue Price ₹1488-1490 per equity share
  • Face Value 5 Per Equity Share 
  • Issue Price Total Equity Shares 55,28,188 of Rs 5/- at price of Rs 1,488/- to Rs 1,490/- with aggregating up to Rs 823.70/- Cr

    # Fresh Issue of 10,06,711 Equity Shares of Rs 5/- at price of Rs 1,488/- to Rs 1,490/- with aggregating up to Rs 150.00/- Cr

    # Offer for Sale of 45,21,450 Equity Shares of Rs 5/- at price of Rs 1,488/- to Rs 1,490/- with aggregating up to Rs 673.70/- Cr
  • Listing at BSE, NSE
  • List Price 1359.0 (NSE)
  • Listing Date 2021-03-25
  • Lead Manager Axis Capital Limited, IIFL Holdings Limited
  • Registrar Link Intime India Private Ltd
IPO Details
  • Retail Portion 35%
IPO Documents
DRHP
IPO Details


The IPO of is priced at ₹₹1488-1490 per equity share, which has a face value of 5 Per Equity Share  each, IPO bidding starts from Mar 15, 2021 and ends on Mar 17, 2021. The allotment for IPO will be finalized on Mar 22, 2021. IPO will be listed on BSE, NSE, with a tentative listing date fixed as Mar 25, 2021. The company shall list its equity shares on the BSE, NSE. Link Intime India Private Ltd is the registrar of the issue.

The book-running lead manager for the IPO is/are Axis Capital Limited, IIFL Holdings Limited.


The IPO sets its price band at ₹1488-1490 for each share. A single application for Craftsman Automation Limited IPO must contain at least 10 shares.

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IPO Subscription Analysis And Details
Retail
3.41x
QIB
5.21x
NII
2.84x
Total
3.81x
As on QIB NII Retail Total
Shares Offered / Reserved 11,05,632 8,29,225 19,34,857 38,69,714
Day 1 15-03-21 05:00 PM
0.00 x 0.07 0.49 x 0.26 x
Day 2 16-03-21 05:00 PM
0.56 x 0.19 2.11 x 1.25 x
Day 3 17-03-21 05:00 PM
5.21 x 2.84 3.41 x 3.81 x
Valuations
Earnings Per Share (EPS) ₹19.74/-
P/E Ratio 75.49
RoNW 6.19%
Net Asset Value (NAV) - As on 31.12.20 ₹355.93
Company Financials
In Crs.
In Cr.
31-Sep-20 31-Mar-20 31-Mar-19 31-Mar-18
Assets 2,168.18 2,303.13 2,325.39 1,999.43
Revenue 536.52 1,501.05 1,831.64 1,522.86
Profit After Tax 6.96 41.07 97.36 31.53
About Company

Craftsman Automation Ltd is a leading engineering organisation that is engaged in manufacturing precision components. The company designs, develops, and manufactures a range of engineerng products. It is one of the leading players in machining of cylinder blocks for tractor segment.
The business operates 3 key segments namely Automotive-Powertrain and others, Automotive-Aluminium Products, and Industrial and Engineering division that is engaged in manufacturing material handling equipments i.e. hoists, industrial gears, marine engines, crane kits, gear boxes, locomotive equipments, storage solutions, etc.
The companyes owns 12 state-of-the art manufacturing facilities across 7 cities of India. Its customer base includes Tata Motors, Dailmer India, Tata Cummins, Mahindra & Mahindra, Royal Enfield, Siemens, Escorts, Ashok Leyland, VE Commercial Vehicles, TAFE Motors & Tractors, etc.

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- Promoter(s)

Srinivasan Ravi

Pre Issue Share Holding : 63.40%

Post Issue Share Holding : 59.76%

IPO - Issue Objectives
1

To make reapayment/pre-payment of company's borrowing fully or partially.

2

To meet general corporate purposes.

IPO - Peers Comparison
P/B Ratio P/E Ratio RoNW Revenue(in Cr.)
Craftsman Automation Limited 4.19 75.49 6.19% 1,501.05
Bharat Forge Limited 5.21 864.45 0.60% 8,243.70
Endurance Technologies Limited 8.05 59.93 13.43% 6,965.30
Jamna Auto Industries Limited 5.37 71.10 7.55% 1,145.09
Mahindra CIE Automotive Limited 1.73 92.18 1.88% 6,105.00
Minda Industries Limited 9.67 194.52 4.97% 5,504.39
Sundaram Fasteners Limited 7.11 60.84 11.68% 3,751.32
Ramkrishna Forgings Limited 2.18 (130.52) (1.67)% 1,223.26